UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
April 22, 2015
| BHP BILLITON LIMITED | BHP BILLITON PLC | |
| (ABN 49 004 028 077) | (REG. NO. 3196209) | |
| (Exact name of Registrant as specified in its charter) | (Exact name of Registrant as specified in its charter) |
| VICTORIA, AUSTRALIA | ENGLAND AND WALES | |
| (Jurisdiction of incorporation or organisation) | (Jurisdiction of incorporation or organisation) | |
| 171 COLLINS STREET, MELBOURNE, VICTORIA 3000 AUSTRALIA |
NEATHOUSE PLACE, VICTORIA, LONDON, UNITED KINGDOM | |
| (Address of principal executive offices) | (Address of principal executive offices) | |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: x Form 20-F ¨ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: ¨ Yes x No
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a
| NEWS RELEASE |
|
| Release Time | IMMEDIATE | |
| Date | 22 April 2015 | |
| Number | 07/15 | |
BHP BILLITON OPERATIONAL REVIEW
FOR THE NINE MONTHS ENDED 31 MARCH 2015
| • | Group production increased by 9% for the nine months ended March 2015 with records achieved for 10 operations and five commodities. We remain on track to deliver Group production growth(1) of 16% over the two years to the end of the 2015 financial year. |
| • | Petroleum production increased by 6% to a record 193 MMboe supported by a 76% increase in Onshore US liquids volumes to 40.2 MMboe. Guidance for the 2015 financial year remains unchanged at 255 MMboe. |
| • | Copper production(2) increased by 2% to 1.3 Mt as strong underlying operating performance at Escondida more than offset the impacts of severe weather in Northern Chile, lower grades at Antamina and a mill outage at Olympic Dam. Production for the 2015 financial year is now expected to be 1.7 Mt. |
| • | Western Australia Iron Ore (WAIO) production increased by 16% to a record 188 Mt (100% basis) underpinned by continued improvements in our integrated supply chain. WAIO production for the 2015 financial year is now expected to be 250 Mt (100% basis). The potential of our installed infrastructure continues to exceed expectations and as a result we are deferring the Inner Harbour Debottlenecking project. While this will lead to a slower path to system capacity of 290 Mtpa, it will come at a lower capital cost. |
| • | Metallurgical coal production increased by 14% to 38 Mt and reflected record volumes at both Queensland Coal and Illawarra Coal. Production for the 2015 financial year is now expected to be 49 Mt. |
BHP Billiton Chief Executive Officer, Andrew Mackenzie, said: “Our teams continue to exceed expectations and deliver strong operating performance. Our commitment to sustainably improve productivity and lower costs is helping mitigate the impact of subdued commodity prices and supporting returns for our shareholders.
“In Iron Ore, our focus remains on producing at the lowest possible cost with Western Australia Iron Ore unit costs now below US$20 per tonne(3) as we continue to improve productivity. Over the last decade, China’s unprecedented demand growth provided Australia and BHP Billiton with a unique opportunity. We acted swiftly to bring on new iron ore capacity at some of the lowest costs globally, generating long-term value for shareholders, the government and communities which would otherwise have been lost to overseas competitors. Despite the subsequent increase in supply-side competition, these low-cost expansions continue to deliver attractive margins and returns through the cycle.
“In Petroleum, we have responded quickly to current market conditions by reducing the number of rigs operated in our Onshore US business by 35 per cent over the March 2015 quarter. We continue to review our drilling and development program as we seek to maximise the value of our resource base. With higher oil prices expected over the medium term, we believe deferring development will create more value than producing today. Our high-quality acreage and excellent operating performance, with industry-leading drilling costs, gives us a strong platform from which to build.
“The proposed demerger of South32 is also on track, with the BHP Billiton Board unanimously recommending shareholders vote in favour of the demerger. With a more focused portfolio, BHP Billiton will have the potential to unlock further shareholder value, while creating a new global diversified metals and mining company with a significant industry presence in each of its major commodities.”
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 1 |
Operational performance summary
Production for the nine months and quarter ended March 2015 is summarised in the table below.
| Production |
MAR 2015 YTD |
MAR 2015 QTR |
MAR YTD15 vs MAR YTD14 |
MAR Q15 vs MAR Q14 |
MAR Q15 vs DEC Q14 |
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| Total petroleum production (MMboe) |
192.5 | 61.5 | 6 | % | 1 | % | (3 | %) | ||||||||||||
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| Copper (kt) |
1,273.1 | 460.0 | 1 | % | 11 | % | 9 | % | ||||||||||||
| Iron ore (kt) |
172,422 | 58,979 | 17 | % | 20 | % | 5 | % | ||||||||||||
| Metallurgical coal (kt) |
37,765 | 11,458 | 14 | % | 0 | % | (15 | %) | ||||||||||||
| Energy coal (kt) |
56,173 | 19,714 | 2 | % | 11 | % | 6 | % | ||||||||||||
| Alumina (kt) |
3,881 | 1,248 | 1 | % | 0 | % | (11 | %) | ||||||||||||
| Aluminium (kt) |
762 | 245 | (15 | %) | (14 | %) | (4 | %) | ||||||||||||
| Manganese ores (kt) |
6,604 | 2,049 | 9 | % | 14 | % | (11 | %) | ||||||||||||
| Manganese alloys (kt) |
554 | 182 | 19 | % | 12 | % | (10 | %) | ||||||||||||
| Nickel (kt) |
102.4 | 32.5 | (9 | %) | (5 | %) | (5 | %) | ||||||||||||
Production guidance for the 2015 financial year is summarised in the table below.
| Production guidance |
FY14 | Previous FY15e |
New FY15e |
FY14 vs FY15e |
||||||||||||
| Petroleum (MMboe)(4) |
243 | 255 | 255 | 5 | % | |||||||||||
| Copper (Mt)(2) |
1.7 | 1.8 | 1.7 | — | ||||||||||||
| Iron ore (Mt) |
204 | 225 | 230 | 13 | % | |||||||||||
| Metallurgical coal (Mt) |
45 | 47 | 49 | 9 | % | |||||||||||
| Energy coal (Mt) |
73 | 73 | 73 | — | ||||||||||||
Major development projects
The BMA Hay Point Stage Three Expansion project loaded first coal during the March 2015 quarter, on revised schedule and budget, and will not be reported in future Operational Reviews. At 31 March 2015, BHP Billiton had six major projects under development with a combined budget of US$12.0 billion.
Corporate update
On 17 March 2015, the BHP Billiton Board recommended shareholders approve the proposed demerger of South32 at the shareholder meetings to be held on 6 May 2015. The Board believes that with a more focused portfolio, BHP Billiton will be better placed to achieve further productivity benefits in its core portfolio, while creating a substantial new company, South32. The proposed demerger would be effected via a distribution of South32 shares by way of an in-specie dividend to shareholders in both BHP Billiton Limited and BHP Billiton Plc. Eligible BHP Billiton shareholders will receive one South32 share for every BHP Billiton share held on the applicable record date.
On 19 March 2015, the Group priced a five year A$1.0 billion note issue under its Australian Medium Term Note Program which will pay interest at three per cent and mature in March 2020. The proceeds will be used for general corporate purposes.
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 2 |
Petroleum and Potash
Production
| MAR 2015 YTD |
MAR 2015 QTR |
MAR YTD15 vs MAR YTD14 |
MAR Q15 vs MAR Q14 |
MAR Q15 vs DEC Q14 |
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| Crude oil, condensate and natural gas liquids (MMboe) |
93.4 | 31.3 | 21 | % | 15 | % | 0 | % | ||||||||||||
| Natural gas (bcf) |
594.8 | 181.5 | (5 | %) | (10 | %) | (7 | %) | ||||||||||||
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| Total petroleum products (MMboe) |
192.5 | 61.5 | 6 | % | 1 | % | (3 | %) | ||||||||||||
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Total petroleum production – Total petroleum production for the nine months ended March 2015 increased by six per cent to a record 192.5 MMboe. Guidance for the 2015 financial year remains unchanged at 255 MMboe.
Crude oil, condensate and natural gas liquids – Crude oil, condensate and natural gas liquids production for the nine months ended March 2015 increased by 21 per cent to 93.4 MMboe.
Onshore US liquids volumes for the nine months ended March 2015 rose by 76 per cent to 40.2 MMboe. This strong performance was underpinned by a doubling of liquids production from both the Black Hawk and Permian as we continue to realise significant improvements in shale drilling and completions efficiency.
In our Conventional business, strong uptime performance at Atlantis and Pyrenees was offset by natural field decline at North West Shelf and the impact of industrial action at Bass Strait.
Natural gas – Natural gas production for the nine months ended March 2015 declined by five per cent to 595 bcf.
Strong uptime performance at North West Shelf and Macedon partially offset scheduled maintenance at Pakistan, industrial action and weaker seasonal demand at Bass Strait and the divestment of Liverpool Bay in the 2014 financial year.
On 16 February 2015, BHP Billiton signed an agreement with Tri-Resources, a subsidiary of the Hashoo Group, for the sale of our gas business in Pakistan. The transaction is subject to regulatory approval.
Projects
| Project and ownership |
Capital expenditure (US$m) |
Initial production target date |
Capacity |
Progress | ||||||||
| North West Shelf Greater Western Flank-A (Australia) 16.67% (non-operator) |
400 | CY16 | To maintain LNG plant throughput from the North West Shelf operations. | On schedule and budget. The overall project is 89% complete. | ||||||||
| Bass Strait Longford Gas Conditioning Plant (Australia) 50% (non-operator) |
520 | CY16 | Designed to process approximately 400 MMcf/d of high-CO2 gas. | On schedule and budget. The overall project is 54% complete. | ||||||||
Onshore US development activity
Onshore US drilling and development expenditure totalled US$3.0 billion for the nine months ended March 2015 and we expect expenditure of approximately US$3.4 billion in the 2015 financial year.
Our Onshore US operated rig count decreased from 26 to 17 during the March 2015 quarter. The reduction in drilling activity will not impact 2015 financial year production guidance and we are confident that shale liquids volumes will rise by over 50 per cent in the period. We continue to review our drilling and development program and will exercise the flexibility within our shale portfolio to maximise value.
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 3 |
| March 2015 YTD | Liquids focused areas | Gas focused areas | ||||||||||||||||||||
| (March 2014 YTD) |
Eagle Ford | Permian | Haynesville | Fayetteville | Total | |||||||||||||||||
| Capital expenditure |
US$ billion | 1.9 (2.4 | ) | 0.6 (0.4 | ) | 0.3 (0.3 | ) | 0.2 (0.2 | ) | 3.0 (3.2 | ) | |||||||||||
| Rig allocation |
At period end | 12 (17 | ) | 4 (4 | ) | 1 (3 | ) | 0 (0 | ) | 17 (24 | ) | |||||||||||
| Net wells drilled and completed |
Period total | 153 (218 | ) | 32 (32 | ) | 18 (31 | ) | 36 (60 | ) | 239 (341 | ) | |||||||||||
| Net productive wells |
At period end | 796 (606 | ) | 63(5) (61 | ) | 388(5) (892 | ) | 1,028 (1,012 | ) | 2,275 (2,571 | ) | |||||||||||
Capital expenditure includes land acquisition, site preparation, drilling, completions, well site facilities, mid-stream infrastructure and pipelines. The number of wells drilled and completed can vary significantly from period to period based on changes in rig activity and the inventory of wells drilled but not yet completed at period end.
Petroleum exploration
There were no exploration or appraisal wells drilled during the March 2015 quarter. Petroleum exploration expenditure for the nine months ended March 2015 was US$393 million, of which US$363 million was expensed. Total petroleum exploration expenditure for the 2015 financial year is expected to be US$600 million and remains focused on the Gulf of Mexico, Western Australia and Trinidad and Tobago.
The seismic acquisition program in Trinidad and Tobago was successfully completed for the nine deep water blocks accessed between 2012 and 2014(6).
Potash
| Project and ownership |
Investment (US$m) |
Scope |
Progress | |||||
| Jansen Potash (Canada) 100% |
2,600 | Investment to finish the excavation and lining of the production and service shafts, and to continue the installation of essential surface infrastructure and utilities. | The project is 42% complete and within the approved budget. Shaft excavation is steadily progressing following the successful redesign of the temporary liner. | |||||
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 4 |
Copper
Production
| MAR 2015 YTD |
MAR 2015 QTR |
MAR YTD15 vs MAR YTD14 |
MAR Q15 vs MAR Q14 |
MAR Q15 vs DEC Q14 |
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| Copper (kt) |
1,273.1 | 460.0 | 1 | % | 11 | % | 9 | % | ||||||||||||
| Lead (t) |
140,289 | 40,604 | (1 | %) | (15 | %) | (19 | %) | ||||||||||||
| Zinc (t) |
103,933 | 29,960 | 29 | % | 54 | % | (10 | %) | ||||||||||||
| Silver (troy koz) |
24,217 | 7,529 | (8 | %) | (14 | %) | (1 | %) | ||||||||||||
| Uranium oxide concentrate (t) |
2,549 | 607 | (13 | %) | (37 | %) | (44 | %) | ||||||||||||
Copper – Total copper production(2) for the nine months ended March 2015 increased by two per cent to 1.3 Mt. Production for the 2015 financial year is now expected to be 1.7 Mt, six per cent below prior guidance. The revision to guidance reflects the impact of heavy rainfall in Northern Chile in March 2015 and an electrical failure which caused a mill outage at Olympic Dam in January 2015.
Escondida copper production for the nine months ended March 2015 increased by seven per cent to 891 kt. Strong operating performance, including a 14 per cent increase in truck utilisation, resulted in record material mined for the period. This was partially offset by the impact of severe wet weather in March 2015, along with water restrictions, two days of industrial action and a power outage throughout Northern Chile in the first half of the 2015 financial year. Escondida copper production of approximately 1.22 Mt is now anticipated for the 2015 financial year.
Pampa Norte copper production for the nine months ended March 2015 increased by 15 per cent to 192 kt as Spence benefited from higher recoveries. Production at Pampa Norte for the 2015 financial year is now expected to be marginally higher than the prior year, despite the impact of severe wet weather in March 2015, as improved grades and recoveries at Spence continue to offset declining grades and recoveries at Cerro Colorado.
Olympic Dam copper production for the nine months ended March 2015 decreased by 15 per cent to 111 kt following an electrical failure which caused a mill outage in January 2015. The mill is expected to be offline for approximately six months with an associated reduction in copper production of 60 to 70 kt with the majority of the impact anticipated this financial year.
Antamina copper production for the nine months ended March 2015 decreased by 32 per cent to 80 kt as lower grades more than offset record mill throughput. Average copper grades at Antamina are expected to remain broadly unchanged in the June 2015 quarter, consistent with the mine plan.
Lead – Lead production for the nine months ended March 2015 was in line with the prior period.
Silver – Silver production for the nine months ended March 2015 decreased by eight per cent as higher mill throughput at Antamina and Cannington was more than offset by lower ore grades at both operations, consistent with the mine plans.
Zinc – Zinc production for the nine months ended March 2015 increased by 29 per cent and primarily reflected increased mill throughput and higher grades at Antamina and Cannington.
Uranium – Uranium production for the nine months ended March 2015 decreased by 13 per cent as a result of the mill outage at Olympic Dam.
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 5 |
Projects
| Project and ownership |
Capital expenditure (US$m) |
Initial production target date |
Capacity |
Progress | ||||||||
| Escondida Organic Growth Project 1 (Chile) 57.5% |
4,199 | H1 CY15 | New concentrator with 152 ktpd capacity. | On schedule and revised budget. The overall project is 98% complete. | ||||||||
| Escondida Water Supply (Chile) 57.5% |
3,430 | CY17 | New desalination facility to ensure continued water supply to Escondida. | On schedule and budget. The overall project is 37% complete. | ||||||||
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 6 |
Iron Ore
Production
| MAR 2015 YTD |
MAR 2015 QTR |
MAR YTD15 vs MAR YTD14 |
MAR Q15 vs MAR Q14 |
MAR Q15 vs DEC Q14 |
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| Iron ore (kt) |
172,422 | 58,979 | 17 | % | 20 | % | 5 | % | ||||||||||||
Iron ore – Total iron ore production for the nine months ended March 2015 increased by 17 per cent to a record 172 Mt. Production for the 2015 financial year is now expected to be 230 Mt, two per cent higher than prior guidance.
Western Australia Iron Ore (WAIO) production for the nine months ended March 2015 increased by 16 per cent to a record 188 Mt (100 per cent basis). This result was underpinned by continued improvement in the performance of our integrated supply chain, the successful ramp-up of the Jimblebar mining hub to a rate in excess of 45 Mtpa, and the relatively limited impact of the wet season. WAIO also achieved record sales volumes of 190 Mt (100 per cent basis) as our strategy of increasing the percentage of direct to ship ore unlocked port capacity.
WAIO production for the 2015 financial year is now expected to be 250 Mt (100 per cent basis), two per cent higher than prior guidance. Further growth in supply chain capacity to 270 Mtpa (100 per cent basis) is expected to be achieved without the need for additional fixed plant investment. The potential of our installed infrastructure continues to exceed expectations and as a result we are deferring the Inner Harbour Debottlenecking project. While this will lead to a slower path to system capacity of 290 Mtpa, it will come at a lower capital cost.
Samarco production for the nine months ended March 2015 increased by 37 per cent to a record 22 Mt (100 per cent basis) as the fourth pellet plant reached full capacity during the period.
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 7 |
Coal
Production
| MAR 2015 YTD |
MAR 2015 QTR |
MAR YTD15 vs MAR YTD14 |
MAR Q15 vs MAR Q14 |
MAR Q15 vs DEC Q14 |
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| Metallurgical coal (kt) |
37,765 | 11,458 | 14 | % | 0 | % | (15 | %) | ||||||||||||
| Energy coal (kt) |
56,173 | 19,714 | 2 | % | 11 | % | 6 | % | ||||||||||||
Metallurgical coal – Metallurgical coal production for the nine months ended March 2015 increased by 14 per cent to a record 38 Mt. Production for the 2015 financial year is now expected to be 49 Mt, four per cent higher than prior guidance.
Record production and sales volumes at Queensland Coal for the nine months ended March 2015, reflected the successful ramp-up of the Caval Ridge mine and sustained improvements in truck and wash-plant utilisation across the operations. Production declined by 13 per cent from the December 2014 quarter as a result of a longwall move at Crinum and wet weather.
Illawarra Coal achieved record production for the nine months ended March 2015 of 6.5 Mt as maintenance efficiencies supported higher equipment utilisation rates. Longwall moves at Dendrobium and West Cliff led to a 25 per cent decline in volumes during the March 2015 quarter.
Energy coal – Energy coal production for the nine months ended March 2015 increased by two per cent to 56 Mt. Guidance for the 2015 financial year remains unchanged at 73 Mt.
South Africa Energy Coal production for the nine months ended March 2015 increased by 15 per cent and reflected improved equipment utilisation and optimised mine planning. This was partially offset by lower production at Cerrejón as a result of drought conditions and the need to manage dust emissions, and lower customer demand for our Navajo Coal product.
Projects
| Project and ownership |
Capital expenditure (US$m) |
Initial production target date |
Capacity |
Progress | ||||||||
| Hay Point Stage Three Expansion (Australia) 50% |
1,505 | (7) | CY15 | Increases port capacity from 44 Mtpa to 55 Mtpa and reduces storm vulnerability. | On revised schedule and budget. The overall project is 96% complete. First coal loaded on 12 January 2015. | |||||||
| Appin Area 9 (Australia) 100% |
845 | CY16 | Maintains Illawarra Coal’s production capacity with a replacement mining domain and capacity to produce 3.5 Mtpa of metallurgical coal. | On schedule and budget. The overall project is 81% complete. | ||||||||
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 8 |
Aluminium, Manganese and Nickel
Production
| MAR 2015 YTD |
MAR 2015 QTR |
MAR YTD15 vs MAR YTD14 |
MAR Q15 vs MAR Q14 |
MAR Q15 vs DEC Q14 |
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| Alumina (kt) |
3,881 | 1,248 | 1 | % | 0 | % | (11 | %) | ||||||||||||
| Aluminium (kt) |
762 | 245 | (15 | %) | (14 | %) | (4 | %) | ||||||||||||
| Manganese ores (kt) |
6,604 | 2,049 | 9 | % | 14 | % | (11 | %) | ||||||||||||
| Manganese alloys (kt) |
554 | 182 | 19 | % | 12 | % | (10 | %) | ||||||||||||
| Nickel (kt) |
102.4 | 32.5 | (9 | %) | (5 | %) | (5 | %) | ||||||||||||
Alumina – Alumina production was broadly unchanged for the nine months ended March 2015 at 3.9 Mt and included record production at the Alumar refinery. Worsley volumes decreased by 12 per cent from the December 2014 quarter, which benefitted from the processing of stockpiled hydrate.
Aluminium – Aluminium production for the nine months ended March 2015 decreased by 15 per cent to 762 kt despite record production at Mozal. Lower volumes primarily reflected the cessation of smelting activities at Bayside and the temporary suspension of potlines II and III at Alumar in the 2014 financial year, and the planned replacement of transformers at Hillside. Production at Hillside and Mozal remains robust despite the increased frequency of load shedding.
On 30 March 2015, BHP Billiton announced that South32 had agreed with Alcoa, its joint venture partner and operator of the Alumar aluminium smelter, to suspend potline I from 15 April 2015. All three potlines will continue to be subject to ongoing review, having regard to market conditions.
Manganese ores – Manganese ore production for the nine months ended March 2015 increased by nine per cent to 6.6 Mt as an increase in plant availability at Wessels and an improvement in ore recovery at Mamatwan underpinned record production at Hotazel. Higher mill throughput and grades at GEMCO partially offset adverse weather conditions in the March 2015 quarter.
Manganese alloys – Manganese alloy production for the nine months ended March 2015 increased by 19 per cent to 554 kt as Metalloys and TEMCO benefitted from improved smelter stability and availability.
Nickel – Nickel production for the nine months ended March 2015 decreased by nine per cent to 102 kt. Lower Nickel West production reflected the closure of the Perseverance underground mine in November 2013 and an unplanned outage at the Kwinana refinery, while lower grades affected Cerro Matoso production. Production for the 2015 financial year at Nickel West is now expected to be 90 kt, while guidance at Cerro Matoso remains unchanged at 43kt.
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 9 |
Minerals exploration
Minerals exploration expenditure for the nine months ended March 2015 was US$203 million, of which US$148 million was expensed. Greenfield minerals exploration is predominantly focused on advancing copper targets within Chile, Peru and the South-West United States.
Variance analysis relates to the relative performance of BHP Billiton and/or its operations during the nine months ended March 2015 compared with the nine months ended 2014, unless otherwise noted. Production volumes, sales volumes and capital and exploration expenditure from subsidiaries are reported on a 100 per cent basis; production volumes, sales volumes and capital and exploration expenditure from equity accounted investments and other operations are reported on a proportionate consolidation basis. Production and sales volumes for our manganese operations are reported on a 100 per cent basis.
The following footnotes apply to this Operational Review:
| (1) | Copper equivalent production based on FY13 average realised product prices. |
| (2) | Excludes Pinto Valley which was sold during the 2014 financial year. |
| (3) | Unit cash cost excluding freight and royalties. |
| (4) | Excludes Liverpool Bay which was sold during the 2014 financial year. |
| (5) | Change in productive well count includes the reduction associated with the divestments of North Louisiana conventional assets (Haynesville) and Pecos unconventional gas assets (Permian). |
| (6) | 21,220 square kilometres 3D seismic acquisition completed over Trinidad and Tobago Blocks 3, 5, 6, 7, 14, 23a, 23b, 28 and 29. |
| (7) | Excludes announced pre-commitment funding. |
The following abbreviations may have been used throughout this report: barrels (bbl); billion cubic feet (bcf); cost and freight (CFR); cost, insurance and freight (CIF); dry metric tonne unit (dmtu); free on board (FOB); grams per tonne (g/t); kilograms per tonne (kg/t); kilometre (km); metre (m); million barrels of oil equivalent (MMboe); million cubic feet per day (MMcf/d); million tonnes (Mt); million tonnes per annum (Mtpa); ounces (oz); pounds (lb); thousand barrels of oil equivalent (Mboe); thousand ounces (koz); thousand standard cubic feet (Mscf); thousand tonnes (kt); thousand tonnes per annum (ktpa); thousand tonnes per day (ktpd); tonnes (t); and wet metric tonnes (wmt).
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 10 |
Further information on BHP Billiton can be found at: www.bhpbilliton.com.
| Media Relations
Australia
Emily Perry Tel: +61 3 9609 2800 Mobile: +61 477 325 803 email: Emily.Perry@bhpbilliton.com
Paul Hitchins Tel: + 61 3 9609 2592 Mobile: + 61 419 315 001 email: Paul.Hitchins@bhpbilliton.com
Eleanor Nichols Tel: +61 3 9609 2360 Mobile: +61 407 064 748 email: Eleanor.Nichols@bhpbilliton.com
United Kingdom
Ruban Yogarajah Tel: +44 20 7802 4033 Mobile: +44 7827 082 022 email: Ruban.Yogarajah@bhpbilliton.com
Jennifer White Tel: +44 20 7802 7462 Mobile: +44 7827 253 764 email: Jennifer.White@bhpbilliton.com
Americas
Ruban Yogarajah Tel: +44 20 7802 4033 Mobile: +44 7827 082 022 email: Ruban.Yogarajah@bhpbilliton.com |
Investor Relations
Australia
Tara Dines Tel: +61 3 9609 2222 Mobile: +61 499 249 005 email: Tara.Dines@bhpbilliton.com
Andrew Gunn Tel: +61 3 9609 3575 Mobile: +61 402 087 354 email: Andrew.Gunn@bhpbilliton.com
United Kingdom and South Africa
Jonathan Price Tel: +44 20 7802 4131 Mobile: +44 7990 527 726 email: Jonathan.H.Price@bhpbilliton.com
Dean Simon Tel: +44 20 7802 7461 Mobile: +44 7717 511 193 email: Dean.Simon@bhpbilliton.com
Americas
James Agar Tel: +1 212 310 1421 Mobile: +1 347 882 3011 email: James.Agar@bhpbilliton.com
Joseph Suarez Tel: +1 212 310 1422 Mobile: +1 646 400 3803 email: Joseph.Suarez@bhpbilliton.com | |
| BHP Billiton Limited ABN 49 004 028 077 | BHP Billiton Plc Registration number 3196209 | |
| Registered in Australia | Registered in England and Wales | |
| Registered Office: Level 16, 171 Collins Street | Registered Office: Neathouse Place | |
| Melbourne Victoria 3000 Australia | London SW1V 1LH United Kingdom | |
| Tel +61 1300 55 4757 Fax +61 3 9609 3015 | Tel +44 20 7802 4000 Fax +44 20 7802 4111 | |
| Members of the BHP Billiton Group which is headquartered in Australia | ||
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 11 |
BHP BILLITON PRODUCTION SUMMARY
| QUARTER ENDED | YEAR TO DATE | % CHANGE | ||||||||||||||||||||||||||||||||
| MAR 2014 |
DEC 2014 |
MAR 2015 |
MAR 2015 |
MAR 2014 |
MAR YTD15 vs MAR YTD14 |
MAR Q15 vs MAR Q14 |
MAR Q15 vs DEC Q14 |
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| Petroleum |
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| Crude oil, condensate and NGL |
(Mboe) | 27,244 | 31,163 | 31,298 | 93,406 | 77,270 | 21 | % | 15 | % | 0 | % | ||||||||||||||||||||||
| Natural gas |
(bcf) | 202.0 | 194.4 | 181.5 | 594.8 | 624.3 | (5 | %) | (10 | %) | (7 | %) | ||||||||||||||||||||||
| Total petroleum production |
(MMboe) | 60.9 | 63.6 | 61.5 | 192.5 | 181.3 | 6 | % | 1 | % | (3 | %) | ||||||||||||||||||||||
| Copper |
||||||||||||||||||||||||||||||||||
| Copper |
(kt) | 413.9 | 423.7 | 460.0 | 1,273.1 | 1,257.1 | 1 | % | 11 | % | 9 | % | ||||||||||||||||||||||
| Lead |
(t) | 47,577 | 50,111 | 40,604 | 140,289 | 141,861 | (1 | %) | (15 | %) | (19 | %) | ||||||||||||||||||||||
| Zinc |
(t) | 19,409 | 33,310 | 29,960 | 103,933 | 80,819 | 29 | % | 54 | % | (10 | %) | ||||||||||||||||||||||
| Gold |
(troy oz) | 48,740 | 51,247 | 47,706 | 151,297 | 134,583 | 12 | % | (2 | %) | (7 | %) | ||||||||||||||||||||||
| Silver |
(troy koz) | 8,757 | 7,620 | 7,529 | 24,217 | 26,295 | (8 | %) | (14 | %) | (1 | %) | ||||||||||||||||||||||
| Uranium |
(t) | 966 | 1,076 | 607 | 2,549 | 2,944 | (13 | %) | (37 | %) | (44 | %) | ||||||||||||||||||||||
| Molybdenum |
(t) | 281 | 75 | 151 | 266 | 1,118 | (76 | %) | (46 | %) | 101 | % | ||||||||||||||||||||||
| Iron ore |
||||||||||||||||||||||||||||||||||
| Iron ore |
(kt) | 49,280 | 56,352 | 58,979 | 172,422 | 146,921 | 17 | % | 20 | % | 5 | % | ||||||||||||||||||||||
| Coal |
||||||||||||||||||||||||||||||||||
| Metallurgical coal |
(kt) | 11,467 | 13,538 | 11,458 | 37,765 | 33,192 | 14 | % | (0 | %) | (15 | %) | ||||||||||||||||||||||
| Energy coal |
(kt) | 17,723 | 18,622 | 19,714 | 56,173 | 55,129 | 2 | % | 11 | % | 6 | % | ||||||||||||||||||||||
| Aluminium, Manganese and Nickel |
||||||||||||||||||||||||||||||||||
| Alumina |
(kt) | 1,250 | 1,398 | 1,248 | 3,881 | 3,853 | 1 | % | (0 | %) | (11 | %) | ||||||||||||||||||||||
| Aluminium |
(kt) | 286 | 256 | 245 | 762 | 898 | (15 | %) | (14 | %) | (4 | %) | ||||||||||||||||||||||
| Manganese ores |
(kt) | 1,801 | 2,296 | 2,049 | 6,604 | 6,047 | 9 | % | 14 | % | (11 | %) | ||||||||||||||||||||||
| Manganese alloys |
(kt) | 162 | 201 | 182 | 554 | 465 | 19 | % | 12 | % | (10 | %) | ||||||||||||||||||||||
| Nickel |
(kt) | 34.1 | 34.2 | 32.5 | 102.4 | 112.3 | (9 | %) | (5 | %) | (5 | %) | ||||||||||||||||||||||
Throughout this report figures in italics indicate that this figure has been adjusted since it was previously reported.
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 12 |
BHP BILLITON PRODUCTION
| QUARTER ENDED | YEAR TO DATE | |||||||||||||||||||||||||||||||
| BHP Billiton interest |
MAR 2014 |
JUN 2014 |
SEP 2014 |
DEC 2014 |
MAR 2015 |
MAR 2015 |
MAR 2014 |
|||||||||||||||||||||||||
| Petroleum |
||||||||||||||||||||||||||||||||
| Production |
||||||||||||||||||||||||||||||||
| Crude oil, condensate and NGL (Mboe) (1) |
||||||||||||||||||||||||||||||||
| Onshore US |
8,575 | 10,540 | 11,460 | 12,905 | 15,848 | 40,213 | 22,808 | |||||||||||||||||||||||||
| Coventional |
18,669 | 18,337 | 19,485 | 18,258 | 15,450 | 53,193 | 54,462 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
27,244 | 28,877 | 30,945 | 31,163 | 31,298 | 93,406 | 77,270 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Natural gas (bcf) |
||||||||||||||||||||||||||||||||
| Onshore US |
109.7 | 118.9 | 113.6 | 110.3 | 99.9 | 323.8 | 329.9 | |||||||||||||||||||||||||
| Coventional |
92.3 | 96.1 | 105.3 | 84.1 | 81.6 | 271.0 | 294.4 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
202.0 | 215.0 | 218.9 | 194.4 | 181.5 | 594.8 | 624.3 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total petroleum production (MMboe) |
60.9 | 64.7 | 67.4 | 63.6 | 61.5 | 192.5 | 181.3 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Copper (2) |
||||||||||||||||||||||||||||||||
| Copper |
||||||||||||||||||||||||||||||||
| Payable metal in concentrate (kt) |
||||||||||||||||||||||||||||||||
| Escondida (3) |
57.5 | % | 190.6 | 241.0 | 199.4 | 208.8 | 260.9 | 669.1 | 603.7 | |||||||||||||||||||||||
| Antamina |
33.8 | % | 33.0 | 26.2 | 25.7 | 27.3 | 26.7 | 79.7 | 117.3 | |||||||||||||||||||||||
| Pinto Valley |
100 | % | — | — | — | — | — | — | 12.5 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
223.6 | 267.2 | 225.1 | 236.1 | 287.6 | 748.8 | 733.5 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Cathode (kt) |
||||||||||||||||||||||||||||||||
| Escondida (3) |
57.5 | % | 75.8 | 81.5 | 69.3 | 75.0 | 77.3 | 221.6 | 226.5 | |||||||||||||||||||||||
| Pampa Norte (4) |
100 | % | 63.4 | 66.8 | 55.8 | 69.6 | 66.5 | 191.9 | 166.3 | |||||||||||||||||||||||
| Pinto Valley |
100 | % | — | — | — | — | — | — | 0.9 | |||||||||||||||||||||||
| Olympic Dam |
100 | % | 51.1 | 54.5 | 39.2 | 43.0 | 28.6 | 110.8 | 129.9 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
190.3 | 202.8 | 164.3 | 187.6 | 172.4 | 524.3 | 523.6 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total copper |
413.9 | 470.0 | 389.4 | 423.7 | 460.0 | 1,273.1 | 1,257.1 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Lead |
||||||||||||||||||||||||||||||||
| Payable metal in concentrate (t) |
||||||||||||||||||||||||||||||||
| Cannington |
100 | % | 47,214 | 45,768 | 48,941 | 49,625 | 40,111 | 138,677 | 140,760 | |||||||||||||||||||||||
| Antamina |
33.8 | % | 363 | 397 | 633 | 486 | 493 | 1,612 | 1,101 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
47,577 | 46,165 | 49,574 | 50,111 | 40,604 | 140,289 | 141,861 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Zinc |
||||||||||||||||||||||||||||||||
| Payable metal in concentrate (t) |
||||||||||||||||||||||||||||||||
| Cannington |
100 | % | 10,074 | 15,666 | 19,927 | 17,039 | 16,389 | 53,355 | 42,230 | |||||||||||||||||||||||
| Antamina |
33.8 | % | 9,335 | 13,450 | 20,736 | 16,271 | 13,571 | 50,578 | 38,589 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
19,409 | 29,116 | 40,663 | 33,310 | 29,960 | 103,933 | 80,819 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Gold |
||||||||||||||||||||||||||||||||
| Payable metal in concentrate (troy oz) |
||||||||||||||||||||||||||||||||
| Escondida (3) |
57.5 | % | 20,110 | 20,920 | 21,980 | 12,710 | 21,265 | 55,955 | 51,984 | |||||||||||||||||||||||
| Olympic Dam (refined gold) |
100 | % | 28,630 | 38,785 | 30,364 | 38,537 | 26,441 | 95,342 | 82,550 | |||||||||||||||||||||||
| Pinto Valley |
100 | % | — | — | — | — | — | — | 49 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
48,740 | 59,705 | 52,344 | 51,247 | 47,706 | 151,297 | 134,583 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Silver |
||||||||||||||||||||||||||||||||
| Payable metal in concentrate (troy koz) |
||||||||||||||||||||||||||||||||
| Escondida (3) |
57.5 | % | 1,078 | 1,320 | 1,159 | 958 | 1,355 | 3,472 | 2,951 | |||||||||||||||||||||||
| Antamina |
33.8 | % | 961 | 843 | 954 | 885 | 872 | 2,711 | 3,516 | |||||||||||||||||||||||
| Cannington |
100 | % | 6,465 | 6,029 | 6,701 | 5,534 | 5,130 | 17,365 | 19,132 | |||||||||||||||||||||||
| Olympic Dam (refined silver) |
100 | % | 253 | 317 | 254 | 243 | 172 | 669 | 655 | |||||||||||||||||||||||
| Pinto Valley |
100 | % | — | — | — | — | — | — | 41 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
8,757 | 8,509 | 9,068 | 7,620 | 7,529 | 24,217 | 26,295 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Uranium |
||||||||||||||||||||||||||||||||
| Payable metal in concentrate (t) |
||||||||||||||||||||||||||||||||
| Olympic Dam |
100 | % | 966 | 1,044 | 866 | 1,076 | 607 | 2,549 | 2,944 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
966 | 1,044 | 866 | 1,076 | 607 | 2,549 | 2,944 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Refer footnotes on page 15.
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 13 |
BHP BILLITON PRODUCTION
| QUARTER ENDED | YEAR TO DATE | |||||||||||||||||||||||||||||||
| BHP Billiton interest |
MAR 2014 |
JUN 2014 |
SEP 2014 |
DEC 2014 |
MAR 2015 |
MAR 2015 |
MAR 2014 |
|||||||||||||||||||||||||
| Copper (2) (continued) |
||||||||||||||||||||||||||||||||
| Molybdenum |
||||||||||||||||||||||||||||||||
| Payable metal in concentrate (t) |
||||||||||||||||||||||||||||||||
| Antamina |
33.8 | % | 281 | 83 | 40 | 75 | 151 | 266 | 1,118 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
281 | 83 | 40 | 75 | 151 | 266 | 1,118 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Iron Ore |
||||||||||||||||||||||||||||||||
| Production (kt) (5) |
||||||||||||||||||||||||||||||||
| Newman |
85 | % | 15,470 | 16,766 | 16,707 | 16,012 | 14,916 | 47,635 | 40,149 | |||||||||||||||||||||||
| Yarrie |
85 | % | 206 | — | — | — | — | — | 836 | |||||||||||||||||||||||
| Area C Joint Venture |
85 | % | 11,282 | 12,481 | 13,265 | 11,314 | 13,201 | 37,780 | 34,479 | |||||||||||||||||||||||
| Yandi Joint Venture |
85 | % | 15,622 | 17,615 | 16,607 | 17,694 | 16,798 | 51,099 | 50,903 | |||||||||||||||||||||||
| Jimblebar (6) |
85 | % | 2,721 | 3,740 | 3,971 | 2,813 | 4,513 | 11,297 | 5,123 | |||||||||||||||||||||||
| Wheelarra |
85 | % | 1,698 | 2,973 | 3,115 | 4,755 | 5,965 | 13,835 | 7,580 | |||||||||||||||||||||||
| Samarco |
50 | % | 2,281 | 3,068 | 3,426 | 3,764 | 3,586 | 10,776 | 7,851 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
49,280 | 56,643 | 57,091 | 56,352 | 58,979 | 172,422 | 146,921 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Coal |
||||||||||||||||||||||||||||||||
| Metallurgical coal |
||||||||||||||||||||||||||||||||
| Production (kt) (7) |
||||||||||||||||||||||||||||||||
| BMA |
50 | % | 7,461 | 7,596 | 8,228 | 9,009 | 7,602 | 24,839 | 21,660 | |||||||||||||||||||||||
| BHP Billiton Mitsui Coal (8) |
80 | % | 1,995 | 2,143 | 2,204 | 2,128 | 2,057 | 6,389 | 6,166 | |||||||||||||||||||||||
| Illawarra |
100 | % | 2,011 | 2,147 | 2,337 | 2,401 | 1,799 | 6,537 | 5,366 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
11,467 | 11,886 | 12,769 | 13,538 | 11,458 | 37,765 | 33,192 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Energy coal |
||||||||||||||||||||||||||||||||
| Production (kt) |
||||||||||||||||||||||||||||||||
| South Africa (9) |
90 | % | 7,398 | 8,013 | 8,026 | 8,499 | 9,240 | 25,765 | 22,371 | |||||||||||||||||||||||
| USA |
100 | % | 2,359 | 2,412 | 2,690 | 2,512 | 2,247 | 7,449 | 8,400 | |||||||||||||||||||||||
| Australia |
100 | % | 5,018 | 5,030 | 4,752 | 4,608 | 5,252 | 14,612 | 14,934 | |||||||||||||||||||||||
| Colombia |
33.3 | % | 2,948 | 2,908 | 2,369 | 3,003 | 2,975 | 8,347 | 9,424 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
17,723 | 18,363 | 17,837 | 18,622 | 19,714 | 56,173 | 55,129 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Aluminium, Manganese and Nickel |
||||||||||||||||||||||||||||||||
| Alumina |
||||||||||||||||||||||||||||||||
| Saleable production (kt) |
||||||||||||||||||||||||||||||||
| Worsley |
86 | % | 936 | 1,010 | 893 | 1,060 | 937 | 2,890 | 2,906 | |||||||||||||||||||||||
| Alumar |
36 | % | 314 | 315 | 342 | 338 | 311 | 991 | 947 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
1,250 | 1,325 | 1,235 | 1,398 | 1,248 | 3,881 | 3,853 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Aluminium |
||||||||||||||||||||||||||||||||
| Production (kt) |
||||||||||||||||||||||||||||||||
| Hillside |
100 | % | 172 | 176 | 180 | 176 | 168 | 524 | 539 | |||||||||||||||||||||||
| Bayside |
100 | % | 23 | 18 | — | — | — | — | 71 | |||||||||||||||||||||||
| Alumar |
40 | % | 26 | 15 | 13 | 13 | 12 | 38 | 89 | |||||||||||||||||||||||
| Mozal |
47.1 | % | 65 | 67 | 68 | 67 | 65 | 200 | 199 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
286 | 276 | 261 | 256 | 245 | 762 | 898 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Manganese ores |
||||||||||||||||||||||||||||||||
| Saleable production (kt) |
||||||||||||||||||||||||||||||||
| South Africa (10) |
44.4 | % | 782 | 936 | 1,049 | 1,007 | 913 | 2,969 | 2,590 | |||||||||||||||||||||||
| Australia (10) |
60 | % | 1,019 | 1,319 | 1,210 | 1,289 | 1,136 | 3,635 | 3,457 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
1,801 | 2,255 | 2,259 | 2,296 | 2,049 | 6,604 | 6,047 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Manganese alloys |
||||||||||||||||||||||||||||||||
| Saleable production (kt) |
||||||||||||||||||||||||||||||||
| South Africa (10) (11) |
60 | % | 91 | 106 | 112 | 121 | 114 | 347 | 271 | |||||||||||||||||||||||
| Australia (10) |
60 | % | 71 | 75 | 59 | 80 | 68 | 207 | 194 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
162 | 181 | 171 | 201 | 182 | 554 | 465 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
Refer footnotes on page 15.
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 14 |
BHP BILLITON PRODUCTION
| QUARTER ENDED | YEAR TO DATE | |||||||||||||||||||||||||||||||
| BHP Billiton interest |
MAR 2014 |
JUN 2014 |
SEP 2014 |
DEC 2014 |
MAR 2015 |
MAR 2015 |
MAR 2014 |
|||||||||||||||||||||||||
| Aluminium, Manganese and Nickel (continued) |
||||||||||||||||||||||||||||||||
| Nickel |
||||||||||||||||||||||||||||||||
| Saleable production (kt) |
||||||||||||||||||||||||||||||||
| Cerro Matoso |
99.9 | % | 9.8 | 10.2 | 10.7 | 10.5 | 10.6 | 31.8 | 34.1 | |||||||||||||||||||||||
| Nickel West |
100 | % | 24.3 | 20.7 | 25.0 | 23.7 | 21.9 | 70.6 | 78.2 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total |
34.1 | 30.9 | 35.7 | 34.2 | 32.5 | 102.4 | 112.3 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| (1) | LPG and ethane are reported as natural gas liquids (NGL). Product-specific conversions are made and NGL is reported in barrels of oil equivalent (boe). Total boe conversions are based on 6,000 scf of natural gas equals 1 boe. |
| (2) | Metal production is reported on the basis of payable metal. |
| (3) | Shown on 100% basis. BHP Billiton interest in saleable production is 57.5%. |
| (4) | Includes Cerro Colorado and Spence. |
| (5) | Iron ore production is reported on a wet tonnes basis. |
| (6) | Shown on 100% basis. BHP Billiton interest in saleable production is 85%. |
| (7) | Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal. |
| (8) | Shown on 100% basis. BHP Billiton interest in saleable production is 80%. |
| (9) | Shown on 100% basis. BHP Billiton interest in saleable production is 90%. |
| (10) | Shown on 100% basis. BHP Billiton interest in saleable production is 60%, except Hotazel Manganese Mines which is 44.4%. |
| (11) | Production includes Medium Carbon Ferro Manganese. |
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 15 |
PRODUCTION AND SALES REPORT
| QUARTER ENDED | YEAR TO DATE | |||||||||||||||||||||||||||
| MAR 2014 |
JUN 2014 |
SEP 2014 |
DEC 2014 |
MAR 2015 |
MAR 2015 |
MAR 2014 |
||||||||||||||||||||||
| Petroleum |
||||||||||||||||||||||||||||
| Crude oil, condensate and NGL (Mboe) |
||||||||||||||||||||||||||||
| Crude oil and condensate |
||||||||||||||||||||||||||||
| Bass Strait |
2,095 | 2,355 | 2,818 | 2,284 | 1,156 | 6,258 | 6,300 | |||||||||||||||||||||
| North West Shelf |
1,504 | 1,408 | 1,501 | 1,395 | 1,355 | 4,251 | 4,866 | |||||||||||||||||||||
| Stybarrow |
282 | 255 | 225 | 248 | 194 | 667 | 947 | |||||||||||||||||||||
| Pyrenees |
2,386 | 2,075 | 2,109 | 1,901 | 1,709 | 5,719 | 5,388 | |||||||||||||||||||||
| Other Australia (1) |
11 | 14 | 17 | 11 | 11 | 39 | 37 | |||||||||||||||||||||
| Atlantis (2) |
3,734 | 4,114 | 4,175 | 3,740 | 3,645 | 11,560 | 10,675 | |||||||||||||||||||||
| Mad Dog (2) |
704 | 187 | 390 | 877 | 720 | 1,987 | 1,932 | |||||||||||||||||||||
| Shenzi (2) |
3,467 | 3,530 | 3,530 | 3,502 | 3,283 | 10,315 | 10,135 | |||||||||||||||||||||
| Eagle Ford (3) |
5,215 | 6,593 | 7,060 | 8,098 | 10,837 | 25,995 | 13,869 | |||||||||||||||||||||
| Permian (3) |
356 | 463 | 601 | 807 | 856 | 2,264 | 958 | |||||||||||||||||||||
| Haynesville (3) (4) |
18 | 13 | 16 | 4 | — | 20 | 44 | |||||||||||||||||||||
| Trinidad/Tobago |
279 | 248 | 252 | 227 | 196 | 675 | 913 | |||||||||||||||||||||
| Other Americas (2) (5) |
329 | 371 | 349 | 500 | 348 | 1,197 | 1,080 | |||||||||||||||||||||
| UK (6) |
254 | 27 | 34 | 77 | 64 | 175 | 701 | |||||||||||||||||||||
| Algeria |
1,069 | 996 | 1,011 | 1,050 | 975 | 3,036 | 3,367 | |||||||||||||||||||||
| Pakistan |
49 | 37 | 38 | 33 | 27 | 98 | 163 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
21,752 | 22,686 | 24,126 | 24,754 | 25,376 | 74,256 | 61,375 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| NGL |
||||||||||||||||||||||||||||
| Bass Strait |
1,621 | 2,026 | 2,161 | 1,512 | 961 | 4,634 | 5,225 | |||||||||||||||||||||
| North West Shelf |
276 | 288 | 293 | 273 | 268 | 834 | 909 | |||||||||||||||||||||
| Atlantis (2) |
288 | 111 | 248 | 294 | 245 | 787 | 891 | |||||||||||||||||||||
| Mad Dog (2) |
36 | 39 | 21 | 42 | 37 | 100 | 98 | |||||||||||||||||||||
| Shenzi (2) |
280 | 252 | 271 | 260 | 235 | 766 | 798 | |||||||||||||||||||||
| Eagle Ford (3) |
2,775 | 3,179 | 3,421 | 3,638 | 3,868 | 10,927 | 7,299 | |||||||||||||||||||||
| Permian (3) |
211 | 292 | 362 | 358 | 287 | 1,007 | 636 | |||||||||||||||||||||
| Haynesville (3) (4) |
— | — | — | — | — | — | 2 | |||||||||||||||||||||
| Other Americas (2) (5) |
2 | — | 38 | 25 | 14 | 77 | 23 | |||||||||||||||||||||
| UK (6) |
3 | 4 | 4 | 7 | 7 | 18 | 14 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
5,492 | 6,191 | 6,819 | 6,409 | 5,922 | 19,150 | 15,895 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
|
|
||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total crude oil, condensate and NGL |
27,244 | 28,877 | 30,945 | 31,163 | 31,298 | 93,406 | 77,270 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Natural gas (bcf) |
||||||||||||||||||||||||||||
| Bass Strait |
21.2 | 30.5 | 33.3 | 18.8 | 18.3 | 70.4 | 78.1 | |||||||||||||||||||||
| North West Shelf |
31.4 | 31.8 | 36.9 | 33.4 | 32.8 | 103.1 | 95.9 | |||||||||||||||||||||
| Other Australia (1) |
13.2 | 13.6 | 16.4 | 13.0 | 14.1 | 43.5 | 37.6 | |||||||||||||||||||||
| Atlantis (2) |
1.8 | 1.9 | 1.7 | 2.3 | 1.7 | 5.7 | 4.9 | |||||||||||||||||||||
| Mad Dog (2) |
0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 | |||||||||||||||||||||
| Shenzi (2) |
0.8 | 0.8 | 0.8 | 0.8 | 0.7 | 2.3 | 2.4 | |||||||||||||||||||||
| Eagle Ford (3) |
23.9 | 30.8 | 28.5 | 26.3 | 27.7 | 82.5 | 72.1 | |||||||||||||||||||||
| Permian (3) |
2.2 | 2.5 | 3.0 | 2.8 | 2.1 | 7.9 | 6.5 | |||||||||||||||||||||
| Haynesville (3) (4) |
46.3 | 45.7 | 45.7 | 43.6 | 37.8 | 127.1 | 137.8 | |||||||||||||||||||||
| Fayetteville (3) |
37.3 | 39.9 | 36.4 | 37.6 | 32.3 | 106.3 | 113.5 | |||||||||||||||||||||
| Trinidad/Tobago |
9.3 | 9.1 | 8.8 | 7.8 | 7.2 | 23.8 | 28.9 | |||||||||||||||||||||
| Other Americas (2) (5) |
0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.6 | 0.8 | |||||||||||||||||||||
| UK (6) |
5.4 | 0.8 | 0.7 | 1.4 | 1.1 | 3.2 | 15.1 | |||||||||||||||||||||
| Pakistan |
8.9 | 7.3 | 6.4 | 6.3 | 5.4 | 18.1 | 30.4 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
202.0 | 215.0 | 218.9 | 194.4 | 181.5 | 594.8 | 624.3 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
|
|
||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total petroleum production (MMboe) (7) |
60.9 | 64.7 | 67.4 | 63.6 | 61.5 | 192.5 | 181.3 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 16 |
| Petroleum (continued) |
| (1) | Other Australia includes Minerva and Macedon. |
| (2) | Gulf of Mexico volumes are net of royalties. |
| (3) | Onshore US volumes are net of mineral holder royalties. |
| (4) | Haynesville includes North Louisiana Conventional. BHP Billiton completed the sale of North Louisiana Conventional on 17 November 2014. |
| (5) | Other Americas includes Neptune, Genesis and Overriding Royalty Interest. |
| (6) | UK includes Bruce/Keith and Liverpool Bay. BHP Billiton completed the sale of its 46.1% operated interest in Liverpool Bay on 31 March 2014. |
| (7) | Total boe conversions are based on 6,000 scf of natural gas equals 1 boe. |
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 17 |
PRODUCTION AND SALES REPORT
| QUARTER ENDED | YEAR TO DATE | |||||||||||||||||||||||||||||
| MAR 2014 |
JUN 2014 |
SEP 2014 |
DEC 2014 |
MAR 2015 |
MAR 2015 |
MAR 2014 |
||||||||||||||||||||||||
| Copper |
||||||||||||||||||||||||||||||
| Metals production is payable metal unless otherwise stated. |
| |||||||||||||||||||||||||||||
| Escondida, Chile (1) |
||||||||||||||||||||||||||||||
| Material mined |
(kt) | 96,420 | 94,673 | 101,920 | 113,522 | 110,607 | 326,049 | 283,978 | ||||||||||||||||||||||
| Sulphide ore milled |
(kt) | 21,051 | 21,438 | 20,651 | 18,354 | 21,382 | 60,387 | 58,911 | ||||||||||||||||||||||
| Average copper grade |
(%) | 1.12 | % | 1.33 | % | 1.20 | % | 1.45 | % | 1.49 | % | 1.38 | % | 1.26 | % | |||||||||||||||
| Production ex mill |
(kt) | 195.5 | 235.6 | 205.5 | 215.5 | 266.3 | 687.3 | 620.5 | ||||||||||||||||||||||
| Production |
||||||||||||||||||||||||||||||
| Payable copper (2) |
(kt) | 190.6 | 241.0 | 199.4 | 208.8 | 260.9 | 669.1 | 603.7 | ||||||||||||||||||||||
| Payable gold concentrate |
(troy oz) | 20,110 | 20,920 | 21,980 | 12,710 | 21,265 | 55,955 | 51,984 | ||||||||||||||||||||||
| Copper cathode (EW) |
(kt) | 75.8 | 81.5 | 69.3 | 75.0 | 77.3 | 221.6 | 226.5 | ||||||||||||||||||||||
| Payable silver concentrate |
(troy koz) | 1,078 | 1,320 | 1,159 | 958 | 1,355 | 3,472 | 2,951 | ||||||||||||||||||||||
| Sales |
||||||||||||||||||||||||||||||
| Payable copper |
(kt) | 173.2 | 239.1 | 203.3 | 203.2 | 269.6 | 676.1 | 593.6 | ||||||||||||||||||||||
| Payable gold concentrate |
(troy oz) | 20,889 | 20,920 | 21,980 | 12,710 | 21,265 | 55,955 | 51,981 | ||||||||||||||||||||||
| Copper cathode (EW) |
(kt) | 76.4 | 83.3 | 64.1 | 79.8 | 64.9 | 208.8 | 226.1 | ||||||||||||||||||||||
| Payable silver concentrate |
(troy koz) | 1,046 | 1,320 | 1,159 | 958 | 1,355 | 3,472 | 2,958 | ||||||||||||||||||||||
| (1) Shown on 100% basis. BHP Billiton interest in saleable production is 57.5%. (2) June 2014 quarter includes 4.3 kt of copper contained in ore sold to third parties. |
| |||||||||||||||||||||||||||||
| Pampa Norte, Chile |
||||||||||||||||||||||||||||||
| Cerro Colorado |
||||||||||||||||||||||||||||||
| Material mined |
(kt) | 15,939 | 17,087 | 15,517 | 16,124 | 15,030 | 46,671 | 49,197 | ||||||||||||||||||||||
| Ore milled |
(kt) | 4,508 | 4,016 | 4,189 | 4,446 | 4,501 | 13,136 | 13,170 | ||||||||||||||||||||||
| Average copper grade |
(%) | 0.75 | % | 0.76 | % | 0.77 | % | 0.70 | % | 0.68 | % | 0.72 | % | 0.76 | % | |||||||||||||||
| Production |
||||||||||||||||||||||||||||||
| Copper cathode (EW) |
(kt) | 22.0 | 21.3 | 15.7 | 20.6 | 21.5 | 57.8 | 59.0 | ||||||||||||||||||||||
| Sales |
||||||||||||||||||||||||||||||
| Copper cathode (EW) |
(kt) | 12.4 | 28.7 | 20.0 | 21.0 | 22.0 | 63.0 | 47.3 | ||||||||||||||||||||||
| Spence |
||||||||||||||||||||||||||||||
| Material mined |
(kt) | 25,037 | 25,962 | 24,238 | 23,422 | 21,429 | 69,089 | 77,279 | ||||||||||||||||||||||
| Ore milled |
(kt) | 4,735 | 3,775 | 4,409 | 4,560 | 3,783 | 12,752 | 14,383 | ||||||||||||||||||||||
| Average copper grade |
(%) | 1.23 | % | 1.30 | % | 1.33 | % | 1.20 | % | 1.06 | % | 1.20 | % | 1.20 | % | |||||||||||||||
| Production |
||||||||||||||||||||||||||||||
| Copper cathode (EW) |
(kt) | 41.4 | 45.5 | 40.1 | 49.0 | 45.0 | 134.1 | 107.3 | ||||||||||||||||||||||
| Sales |
||||||||||||||||||||||||||||||
| Copper cathode (EW) |
(kt) | 40.0 | 49.6 | 36.9 | 51.8 | 45.0 | 133.7 | 101.8 | ||||||||||||||||||||||
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 18 |
PRODUCTION AND SALES REPORT
| QUARTER ENDED | YEAR TO DATE | |||||||||||||||||||||||||||||
| MAR 2014 |
JUN 2014 |
SEP 2014 |
DEC 2014 |
MAR 2015 |
MAR 2015 |
MAR 2014 |
||||||||||||||||||||||||
| Copper (continued) |
||||||||||||||||||||||||||||||
| Metals production is payable metal unless otherwise stated. |
| |||||||||||||||||||||||||||||
| Antamina, Peru |
||||||||||||||||||||||||||||||
| Material mined (100%) |
(kt) | 45,837 | 49,797 | 54,675 | 43,793 | 49,787 | 148,255 | 153,137 | ||||||||||||||||||||||
| Sulphide ore milled (100%) |
(kt) | 11,729 | 12,756 | 12,370 | 13,594 | 12,880 | 38,844 | 36,015 | ||||||||||||||||||||||
| Average head grades |
||||||||||||||||||||||||||||||
| - Copper |
(%) | 1.00 | % | 0.77 | % | 0.81 | % | 0.74 | % | 0.79 | % | 0.78 | % | 1.12 | % | |||||||||||||||
| - Zinc |
(%) | 0.54 | % | 0.58 | % | 0.84 | % | 0.66 | % | 0.69 | % | 0.73 | % | 0.61 | % | |||||||||||||||
| Production |
||||||||||||||||||||||||||||||
| Payable copper |
(kt) | 33.0 | 26.2 | 25.7 | 27.3 | 26.7 | 79.7 | 117.3 | ||||||||||||||||||||||
| Payable zinc |
(t) | 9,335 | 13,450 | 20,736 | 16,271 | 13,571 | 50,578 | 38,589 | ||||||||||||||||||||||
| Payable silver |
(troy koz) | 961 | 843 | 954 | 885 | 872 | 2,711 | 3,516 | ||||||||||||||||||||||
| Payable lead |
(t) | 363 | 397 | 633 | 486 | 493 | 1,612 | 1,101 | ||||||||||||||||||||||
| Payable molybdenum |
(t) | 281 | 83 | 40 | 75 | 151 | 266 | 1,118 | ||||||||||||||||||||||
| Sales |
||||||||||||||||||||||||||||||
| Payable copper |
(kt) | 30.2 | 26.5 | 26.3 | 29.8 | 26.5 | 82.6 | 116.0 | ||||||||||||||||||||||
| Payable zinc |
(t) | 10,158 | 14,527 | 12,912 | 21,459 | 15,545 | 49,916 | 44,678 | ||||||||||||||||||||||
| Payable silver |
(troy koz) | 910 | 893 | 896 | 1,026 | 915 | 2,837 | 3,780 | ||||||||||||||||||||||
| Payable lead |
(t) | 405 | 521 | 320 | 711 | 461 | 1,492 | 1,070 | ||||||||||||||||||||||
| Payable molybdenum |
(t) | 347 | 142 | 50 | 90 | 163 | 303 | 1,200 | ||||||||||||||||||||||
| Cannington, Australia |
||||||||||||||||||||||||||||||
| Material mined |
(kt) | 773 | 806 | 823 | 925 | 813 | 2,561 | 2,640 | ||||||||||||||||||||||
| Ore milled |
(kt) | 779 | 821 | 819 | 850 | 791 | 2,460 | 2,381 | ||||||||||||||||||||||
| Average head grades |
||||||||||||||||||||||||||||||
| - Silver |
(g/t) | 311 | 286 | 301 | 246 | 247 | 265 | 299 | ||||||||||||||||||||||
| - Lead |
(%) | 7.3 | % | 6.9 | % | 7.1 | % | 7.0 | % | 6.3 | % | 6.8 | % | 7.1 | % | |||||||||||||||
| - Zinc |
(%) | 2.4 | % | 3.1 | % | 3.8 | % | 3.2 | % | 3.2 | % | 3.4 | % | 2.9 | % | |||||||||||||||
| Production |
||||||||||||||||||||||||||||||
| Payable silver |
(troy koz) | 6,465 | 6,029 | 6,701 | 5,534 | 5,130 | 17,365 | 19,132 | ||||||||||||||||||||||
| Payable lead |
(t) | 47,214 | 45,768 | 48,941 | 49,625 | 40,111 | 138,677 | 140,760 | ||||||||||||||||||||||
| Payable zinc |
(t) | 10,074 | 15,666 | 19,927 | 17,039 | 16,389 | 53,355 | 42,230 | ||||||||||||||||||||||
| Sales |
||||||||||||||||||||||||||||||
| Payable silver |
(troy koz) | 6,127 | 5,641 | 7,084 | 5,631 | 4,972 | 17,687 | 20,519 | ||||||||||||||||||||||
| Payable lead |
(t) | 43,649 | 41,607 | 51,197 | 48,482 | 40,341 | 140,020 | 147,334 | ||||||||||||||||||||||
| Payable zinc |
(t) | 11,020 | 15,708 | 15,450 | 18,028 | 17,057 | 50,535 | 46,547 | ||||||||||||||||||||||
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 19 |
PRODUCTION AND SALES REPORT
| QUARTER ENDED | YEAR TO DATE | |||||||||||||||||||||||||||||
| MAR 2014 |
JUN 2014 |
SEP 2014 |
DEC 2014 |
MAR 2015 |
MAR 2015 |
MAR 2014 |
||||||||||||||||||||||||
| Copper (continued) |
||||||||||||||||||||||||||||||
| Metals production is payable metal unless otherwise stated. |
| |||||||||||||||||||||||||||||
| Olympic Dam, Australia |
||||||||||||||||||||||||||||||
| Material mined (1) |
(kt) | 2,495 | 2,405 | 2,692 | 2,667 | 2,186 | 7,545 | 8,109 | ||||||||||||||||||||||
| Ore milled |
(kt) | 2,421 | 2,654 | 2,206 | 2,776 | 1,477 | 6,459 | 7,466 | ||||||||||||||||||||||
| Average copper grade |
(%) | 1.90 | % | 1.91 | % | 1.97 | % | 1.70 | % | 1.88 | % | 1.83 | % | 1.87 | % | |||||||||||||||
| Average uranium grade |
(kg/t) | 0.54 | 0.51 | 0.61 | 0.52 | 0.56 | 0.56 | 0.53 | ||||||||||||||||||||||
| Production |
||||||||||||||||||||||||||||||
| Copper cathode (ER) |
(kt) | 48.4 | 51.3 | 36.9 | 39.9 | 26.3 | 103.1 | 121.9 | ||||||||||||||||||||||
| Copper cathode (EW) |
(kt) | 2.7 | 3.2 | 2.3 | 3.1 | 2.3 | 7.7 | 8.0 | ||||||||||||||||||||||
| Uranium oxide concentrate |
(t) | 966 | 1,044 | 866 | 1,076 | 607 | 2,549 | 2,944 | ||||||||||||||||||||||
| Refined gold |
(troy oz) | 28,630 | 38,785 | 30,364 | 38,537 | 26,441 | 95,342 | 82,550 | ||||||||||||||||||||||
| Refined silver |
(troy koz) | 253 | 317 | 254 | 243 | 172 | 669 | 655 | ||||||||||||||||||||||
| Sales |
||||||||||||||||||||||||||||||
| Copper cathode (ER) |
(kt) | 47.5 | 54.2 | 36.6 | 39.9 | 28.0 | 104.5 | 117.6 | ||||||||||||||||||||||
| Copper cathode (EW) |
(kt) | 2.5 | 3.0 | 2.5 | 3.1 | 2.7 | 8.3 | 7.4 | ||||||||||||||||||||||
| Uranium oxide concentrate |
(t) | 732 | 1,426 | 848 | 1,125 | 877 | 2,850 | 2,699 | ||||||||||||||||||||||
| Refined gold |
(troy oz) | 31,129 | 38,500 | 30,707 | 34,938 | 31,938 | 97,583 | 85,030 | ||||||||||||||||||||||
| Refined silver |
(troy koz) | 262 | 367 | 227 | 238 | 206 | 671 | 615 | ||||||||||||||||||||||
| (1) Material mined refers to run of mine ore mined and hoisted. |
| |||||||||||||||||||||||||||||
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 20 |
PRODUCTION AND SALES REPORT
| QUARTER ENDED | YEAR TO DATE | |||||||||||||||||||||||||||
| MAR 2014 |
JUN 2014 |
SEP 2014 |
DEC 2014 |
MAR 2015 |
MAR 2015 |
MAR 2014 |
||||||||||||||||||||||
| Iron Ore |
||||||||||||||||||||||||||||
| (kt) |
||||||||||||||||||||||||||||
| Iron ore |
||||||||||||||||||||||||||||
| Pilbara, Australia |
||||||||||||||||||||||||||||
| Production (1) |
||||||||||||||||||||||||||||
| Newman |
15,470 | 16,766 | 16,707 | 16,012 | 14,916 | 47,635 | 40,149 | |||||||||||||||||||||
| Yarrie (2) |
206 | — | — | — | — | — | 836 | |||||||||||||||||||||
| Area C Joint Venture |
11,282 | 12,481 | 13,265 | 11,314 | 13,201 | 37,780 | 34,479 | |||||||||||||||||||||
| Yandi Joint Venture |
15,622 | 17,615 | 16,607 | 17,694 | 16,798 | 51,099 | 50,903 | |||||||||||||||||||||
| Jimblebar (3) |
2,721 | 3,740 | 3,971 | 2,813 | 4,513 | 11,297 | 5,123 | |||||||||||||||||||||
| Wheelarra (4) |
1,698 | 2,973 | 3,115 | 4,755 | 5,965 | 13,835 | 7,580 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
46,999 | 53,575 | 53,665 | 52,588 | 55,393 | 161,646 | 139,070 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total production (100%) |
54,812 | 62,369 | 62,436 | 61,371 | 64,372 | 188,179 | 162,708 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Sales |
||||||||||||||||||||||||||||
| Lump |
11,230 | 11,572 | 12,766 | 12,661 | 12,617 | 38,044 | 31,518 | |||||||||||||||||||||
| Fines |
35,880 | 40,834 | 41,633 | 41,185 | 42,635 | 125,453 | 106,919 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
47,110 | 52,406 | 54,399 | 53,846 | 55,252 | 163,497 | 138,437 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total sales (100%) |
55,018 | 61,015 | 63,303 | 62,848 | 64,201 | 190,352 | 162,387 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| (1) Iron ore production and sales are reported on a wet tonnes basis. (2) Yarrie ceased production on 25 February 2014. (3) Shown on 100% basis. BHP Billiton interest in saleable production is 85%. (4) Production from Wheelarra is processed via the Jimblebar processing hub. |
|
|||||||||||||||||||||||||||
| Samarco, Brazil |
||||||||||||||||||||||||||||
| Production (1) |
2,281 | 3,068 | 3,426 | 3,764 | 3,586 | 10,776 | 7,851 | |||||||||||||||||||||
| Sales |
2,036 | 3,077 | 3,303 | 4,151 | 2,876 | 10,330 | 7,737 | |||||||||||||||||||||
| (1) | Iron ore production and sales are reported on a wet tonnes basis. |
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 21 |
PRODUCTION AND SALES REPORT
| QUARTER ENDED | YEAR TO DATE | |||||||||||||||||||||||||||
| MAR 2014 |
JUN 2014 |
SEP 2014 |
DEC 2014 |
MAR 2015 |
MAR 2015 |
MAR 2014 |
||||||||||||||||||||||
| Coal |
||||||||||||||||||||||||||||
| (kt) |
||||||||||||||||||||||||||||
| Metallurgical coal |
||||||||||||||||||||||||||||
| Queensland Coal |
||||||||||||||||||||||||||||
| Production (1) |
||||||||||||||||||||||||||||
| BMA |
||||||||||||||||||||||||||||
| Blackwater |
1,759 | 1,625 | 1,777 | 1,775 | 1,569 | 5,121 | 5,105 | |||||||||||||||||||||
| Goonyella |
2,041 | 1,553 | 2,144 | 2,350 | 1,951 | 6,445 | 5,777 | |||||||||||||||||||||
| Peak Downs |
1,314 | 1,282 | 1,144 | 1,235 | 1,263 | 3,642 | 3,627 | |||||||||||||||||||||
| Saraji |
1,108 | 1,058 | 1,022 | 1,257 | 1,033 | 3,312 | 3,500 | |||||||||||||||||||||
| Gregory Joint Venture |
654 | 997 | 808 | 994 | 607 | 2,409 | 1,968 | |||||||||||||||||||||
| Daunia |
585 | 518 | 628 | 617 | 489 | 1,734 | 1,683 | |||||||||||||||||||||
| Caval Ridge |
— | 563 | 705 | 781 | 690 | 2,176 | — | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total BMA |
7,461 | 7,596 | 8,228 | 9,009 | 7,602 | 24,839 | 21,660 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| BHP Billiton Mitsui Coal (2) |
||||||||||||||||||||||||||||
| South Walker Creek |
1,312 | 1,323 | 1,391 | 1,236 | 1,282 | 3,909 | 3,923 | |||||||||||||||||||||
| Poitrel |
683 | 820 | 813 | 892 | 775 | 2,480 | 2,243 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total BHP Billiton Mitsui Coal |
1,995 | 2,143 | 2,204 | 2,128 | 2,057 | 6,389 | 6,166 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total Queensland Coal |
9,456 | 9,739 | 10,432 | 11,137 | 9,659 | 31,228 | 27,826 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Sales |
||||||||||||||||||||||||||||
| Coking coal |
7,030 | 7,250 | 7,306 | 8,379 | 7,118 | 22,803 | 19,670 | |||||||||||||||||||||
| Weak coking coal |
2,594 | 2,358 | 2,859 | 2,670 | 2,720 | 8,249 | 7,496 | |||||||||||||||||||||
| Thermal coal |
122 | 134 | 43 | 171 | 182 | 396 | 553 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
9,746 | 9,742 | 10,208 | 11,220 | 10,020 | 31,448 | 27,719 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| (1) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal. (2) Shown on 100% basis. BHP Billiton interest in saleable production is 80%. |
| |||||||||||||||||||||||||||
| Illawarra, Australia |
||||||||||||||||||||||||||||
| Production (1) |
2,011 | 2,147 | 2,337 | 2,401 | 1,799 | 6,537 | 5,366 | |||||||||||||||||||||
| Sales |
||||||||||||||||||||||||||||
| Coking coal |
1,581 | 1,761 | 1,617 | 1,830 | 1,810 | 5,257 | 4,160 | |||||||||||||||||||||
| Thermal coal |
460 | 486 | 373 | 426 | 272 | 1,071 | 1,137 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
2,041 | 2,247 | 1,990 | 2,256 | 2,082 | 6,328 | 5,297 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| (1) | Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal. |
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 22 |
PRODUCTION AND SALES REPORT
| QUARTER ENDED | YEAR TO DATE | |||||||||||||||||||||||||||
| MAR 2014 |
JUN 2014 |
SEP 2014 |
DEC 2014 |
MAR 2015 |
MAR 2015 |
MAR 2014 |
||||||||||||||||||||||
| Coal (continued) |
||||||||||||||||||||||||||||
| (kt) |
||||||||||||||||||||||||||||
| Energy coal |
||||||||||||||||||||||||||||
| South Africa (1) |
||||||||||||||||||||||||||||
| Production |
7,398 | 8,013 | 8,026 | 8,499 | 9,240 | 25,765 | 22,371 | |||||||||||||||||||||
| Sales |
||||||||||||||||||||||||||||
| Export |
3,179 | 3,528 | 3,739 | 4,174 | 4,354 | 12,267 | 9,770 | |||||||||||||||||||||
| Local utility |
3,478 | 4,498 | 4,367 | 4,650 | 4,753 | 13,770 | 11,832 | |||||||||||||||||||||
| Inland |
— | — | 36 | 84 | 168 | 288 | — | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
6,657 | 8,026 | 8,142 | 8,908 | 9,275 | 26,325 | 21,602 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| (1) Shown on 100% basis. BHP Billiton interest in saleable production is 90%. |
| |||||||||||||||||||||||||||
| New Mexico, USA |
||||||||||||||||||||||||||||
| Production |
||||||||||||||||||||||||||||
| Navajo Coal (1) |
975 | 1,082 | 1,243 | 1,064 | 1,156 | 3,463 | 4,045 | |||||||||||||||||||||
| San Juan Coal |
1,384 | 1,330 | 1,447 | 1,448 | 1,091 | 3,986 | 4,355 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
2,359 | 2,412 | 2,690 | 2,512 | 2,247 | 7,449 | 8,400 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Sales - local utility |
2,360 | 2,382 | 2,723 | 2,592 | 2,177 | 7,492 | 8,439 | |||||||||||||||||||||
| (1) BHP Billiton completed the sale of Navajo Mine on 30 December 2013. As BHP Billiton will retain control of the mine until full consideration is received, production will continue to be reported by the Group. |
| |||||||||||||||||||||||||||
| NSW Energy Coal, Australia |
||||||||||||||||||||||||||||
| Production |
5,018 | 5,030 | 4,752 | 4,608 | 5,252 | 14,612 | 14,934 | |||||||||||||||||||||
| Sales |
||||||||||||||||||||||||||||
| Export |
4,346 | 4,548 | 4,787 | 4,625 | 4,897 | 14,309 | 13,270 | |||||||||||||||||||||
| Inland |
270 | 333 | 371 | 228 | 337 | 936 | 1,048 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
4,616 | 4,881 | 5,158 | 4,853 | 5,234 | 15,245 | 14,318 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Cerrejón, Colombia |
||||||||||||||||||||||||||||
| Production |
2,948 | 2,908 | 2,369 | 3,003 | 2,975 | 8,347 | 9,424 | |||||||||||||||||||||
| Sales - export |
2,647 | 2,858 | 3,077 | 2,732 | 3,005 | 8,814 | 8,869 | |||||||||||||||||||||
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 23 |
PRODUCTION AND SALES REPORT
| QUARTER ENDED | YEAR TO DATE | |||||||||||||||||||||||||||
| MAR 2014 |
JUN 2014 |
SEP 2014 |
DEC 2014 |
MAR 2015 |
MAR 2015 |
MAR 2014 |
||||||||||||||||||||||
| Aluminium, Manganese and Nickel |
||||||||||||||||||||||||||||
| (kt) |
||||||||||||||||||||||||||||
| Alumina |
||||||||||||||||||||||||||||
| Saleable production |
||||||||||||||||||||||||||||
| Worsley, Australia |
936 | 1,010 | 893 | 1,060 | 937 | 2,890 | 2,906 | |||||||||||||||||||||
| Alumar, Brazil |
314 | 315 | 342 | 338 | 311 | 991 | 947 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
1,250 | 1,325 | 1,235 | 1,398 | 1,248 | 3,881 | 3,853 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Sales |
||||||||||||||||||||||||||||
| Worsley, Australia |
986 | 1,020 | 875 | 1,068 | 866 | 2,809 | 2,844 | |||||||||||||||||||||
| Alumar, Brazil |
262 | 388 | 323 | 371 | 285 | 979 | 860 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
1,248 | 1,408 | 1,198 | 1,439 | 1,151 | 3,788 | 3,704 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Aluminium |
||||||||||||||||||||||||||||
| Production |
||||||||||||||||||||||||||||
| Hillside, South Africa |
172 | 176 | 180 | 176 | 168 | 524 | 539 | |||||||||||||||||||||
| Bayside, South Africa (1) |
23 | 18 | — | — | — | — | 71 | |||||||||||||||||||||
| Alumar, Brazil |
26 | 15 | 13 | 13 | 12 | 38 | 89 | |||||||||||||||||||||
| Mozal, Mozambique |
65 | 67 | 68 | 67 | 65 | 200 | 199 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
286 | 276 | 261 | 256 | 245 | 762 | 898 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Sales |
||||||||||||||||||||||||||||
| Hillside, South Africa |
187 | 168 | 174 | 178 | 166 | 518 | 540 | |||||||||||||||||||||
| Bayside, South Africa (1) |
24 | 24 | — | — | — | — | 72 | |||||||||||||||||||||
| Alumar, Brazil |
25 | 17 | 12 | 13 | 13 | 38 | 87 | |||||||||||||||||||||
| Mozal, Mozambique |
72 | 62 | 64 | 73 | 66 | 203 | 214 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
308 | 271 | 250 | 264 | 245 | 759 | 913 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| (1) Aluminium smelting at Bayside ceased with the closure of the final potline in June 2014. |
| |||||||||||||||||||||||||||
| Manganese ores |
||||||||||||||||||||||||||||
| Saleable production |
||||||||||||||||||||||||||||
| South Africa (1) |
782 | 936 | 1,049 | 1,007 | 913 | 2,969 | 2,590 | |||||||||||||||||||||
| Australia (1) |
1,019 | 1,319 | 1,210 | 1,289 | 1,136 | 3,635 | 3,457 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
1,801 | 2,255 | 2,259 | 2,296 | 2,049 | 6,604 | 6,047 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Sales |
||||||||||||||||||||||||||||
| South Africa (1) |
915 | 931 | 999 | 983 | 1,024 | 3,006 | 2,549 | |||||||||||||||||||||
| Australia (1) |
1,252 | 1,288 | 1,224 | 1,208 | 1,143 | 3,575 | 3,775 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
2,167 | 2,219 | 2,223 | 2,191 | 2,167 | 6,581 | 6,324 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Manganese alloys |
||||||||||||||||||||||||||||
| Saleable production |
||||||||||||||||||||||||||||
| South Africa (1) (2) |
91 | 106 | 112 | 121 | 114 | 347 | 271 | |||||||||||||||||||||
| Australia (1) |
71 | 75 | 59 | 80 | 68 | 207 | 194 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
162 | 181 | 171 | 201 | 182 | 554 | 465 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Sales |
||||||||||||||||||||||||||||
| South Africa (1) (2) |
113 | 112 | 115 | 109 | 116 | 340 | 288 | |||||||||||||||||||||
| Australia (1) |
85 | 74 | 56 | 73 | 43 | 172 | 202 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total |
198 | 186 | 171 | 182 | 159 | 512 | 490 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| (1) | Shown on 100% basis. BHP Billiton interest in saleable production is 60%, except Hotazel Manganese Mines which is 44.4%. |
| (2) | Production includes Medium Carbon Ferro Manganese. |
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 24 |
PRODUCTION AND SALES REPORT
| QUARTER ENDED | YEAR TO DATE | |||||||||||||||||||||||||||
| MAR 2014 |
JUN 2014 |
SEP 2014 |
DEC 2014 |
MAR 2015 |
MAR 2015 |
MAR 2014 |
||||||||||||||||||||||
| Aluminium, Manganese and Nickel (continued) |
||||||||||||||||||||||||||||
| (kt) |
||||||||||||||||||||||||||||
| Nickel |
||||||||||||||||||||||||||||
| Cerro Matoso, Colombia |
||||||||||||||||||||||||||||
| Production |
9.8 | 10.2 | 10.7 | 10.5 | 10.6 | 31.8 | 34.1 | |||||||||||||||||||||
| Sales |
10.0 | 10.2 | 10.5 | 10.1 | 11.0 | 31.6 | 34.9 | |||||||||||||||||||||
| Nickel West, Australia |
||||||||||||||||||||||||||||
| Saleable production |
||||||||||||||||||||||||||||
| Nickel contained in concentrate |
2.5 | 1.6 | 2.2 | 1.7 | 1.9 | 5.8 | 8.3 | |||||||||||||||||||||
| Nickel contained in finished matte |
6.1 | 4.4 | 9.1 | 5.5 | 6.1 | 20.7 | 21.0 | |||||||||||||||||||||
| Nickel metal |
15.7 | 14.7 | 13.7 | 16.5 | 13.9 | 44.1 | 48.9 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Nickel production |
24.3 | 20.7 | 25.0 | 23.7 | 21.9 | 70.6 | 78.2 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Sales |
||||||||||||||||||||||||||||
| Nickel contained in concentrate |
2.3 | 1.6 | 2.1 | 1.6 | 2.0 | 5.7 | 7.8 | |||||||||||||||||||||
| Nickel contained in finished matte |
5.3 | 6.2 | 6.6 | 7.4 | 6.4 | 20.4 | 20.5 | |||||||||||||||||||||
| Nickel metal |
16.7 | 14.4 | 11.9 | 17.5 | 13.5 | 42.9 | 49.2 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Nickel sales |
24.3 | 22.2 | 20.6 | 26.5 | 21.9 | 69.0 | 77.5 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| BHP Billiton Operational Review for the nine months ended 31 March 2015 | 25 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BHP Billiton Limited and BHP Billiton Plc | ||||
| Date: April 22, 2015 | By: | /s/ Rachel Agnew | ||
| Name: | Rachel Agnew | |||
| Title: | Company Secretary | |||